Bitcoin’s Fear and Greed Index Stays In “Greed Zone” For 13 Straight Days — Can BTC Sustain The Bull Run?

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Bitcoin’s Fear and Greed Index Stays In “Greed Zone” For 13 Straight Days — Can BTC Sustain The Bull Run?

Bitcoin has entered the greed zone with the Fear and Greed Index at a 10-month high of 61, signalling a strong bullish sentiment.  The recent change in investors’ sentiments comes following BTC’s price surge this year after months in the red zone. Experts share their opinions on the feasibility of BTC sustaining its recent price and how investors can predict if it is another bull trap. 

After several months of fear around the prices of digital assets, investors are now beginning to look more confident in the prospects of Bitcoin (BTC) and other assets following price surges in the past two weeks.

Bitcoin’s Fear and Greed Index reached a 10-month high as it tapped 61 over the weekend, signalling a strong bullish sentiment in the market. As of Dec 2022, the index was at 25 showing intense fears from investors in the aftermath of the FTX implosion.

Ko te oma pikinga i te maakete tata nei i pana te taurangi ki te 52 i te Hanuere 15, i tawhiti atu i te rohe wehi, a kua noho tonu mai i tera wa. Ko te tohu e pa ana ki te rohe kore ko te wa tuatahi i mawhiti i te wehi rohe i roto i te toru hauwhā.

I tenei wa ka whakawhitihia e te BTC nga ringa ki te $ 23,005 i te wa e tuhi ana, e whakaatu ana i te piki o te utu mo te 40% mai i te timatanga o te tau. Kua rekotia ano te pikinga ki etahi atu rawa mamati, me te altcoin rangatira, Ethereum (ETH), kei te tuhi ano i nga hua rite.

Bitcoin’s Fear and Greed Index optimizes social signals from various sources to determine the current market sentiment hovering around the asset. These signals to several traders indicate BTC going bullish (investors have gone greedy) or bearish ( investors are in fear). The index is made up of scores from 0-100, ranging from Extreme fear (Orange) to Extreme Greed (Green).

Ka taea e BTC te pupuri i te oma puru? 

While the metric indicates that bulls are gearing up for another run, some commentators are still sceptical about the sustainability of such hopes. With a price of $23,005, Bitcoin has definitely made tremendous gains after the FTX saga, which saw it trade below $17,000.

BTCUSD Tūtohi na TradingView

Mena kei te haere tonu te BTC me etahi atu rawa mamati, ko te mea nui ko te whakaheke i nga tatauranga pikinga me nga reeti huamoni. I tera tau ko te pikinga me nga take macroeconomic whanui i paheke te maakete cryptocurrency i muri i te maha o nga Peeke Central i whakaara i nga reiti huamoni hei aukati i te pikinga.

Ko te rongo pai ko te maha o nga kawanatanga kei te rekoata i nga tau pikinga pikinga e tohu ana i te hurihanga o te maakete rawa mamati, engari kei te noho tonu te oma puru, te mahanga puru ranei ki te toenga. 

Kuputuhi taketake: ZyCrypto